Certain events should trigger an immediate investigation of your customer’s account, and immediate collections action if the account isn’t paid in full.
Be on the lookout for the following red flags and follow up immediately if your customer
Has a disconnected phone
Has vacated the premises without leaving a forwarding address
Avoids telephone contact and fails to return messages
Changes ownership, address, or telephone number
Drops significantly below the usual volume of orders
Displays poor paying habits
Breaks promises to pay the account balance or makes excuses for not paying
Holds up payment over petty disputes
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Source:http://www.dummies.com/how-to/content/red-flags-that-your-customer-may-default-on-debt.html
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